Employees Provident Fund Organization (EPFO)

The Employees Provident Fund Organization (EPFO) is a statutory body under the Ministry of Labour and Employment, Government of India. It was established in 1951 to provide social security to employees in India.

EPFO is responsible for managing the Employees' Provident Fund (EPF), which is a retirement benefit scheme available to employees in India. Under this scheme, a certain portion of the employee's salary is deducted and deposited into the provident fund account, and this amount accumulates with interest over the years.

EPFO also manages the Employee Pension Scheme (EPS), which is an add-on to the EPF. It provides a pension to employees who complete a certain number of years of service.

Apart from managing the provident fund and pension schemes, EPFO also provides various other benefits to employees such as life insurance, withdrawal facilities, and transfer of funds.

EPFO has a network of regional offices, sub-regional offices, and branch offices across India to cater to the needs of employees. It also has an online portal where employees can check their EPF balance, submit claims, and access other related services.

Overall, EPFO plays a crucial role in providing social security to employees in India and ensuring their financial well-being in retirement.